State of New Jersey Common Pension Fund D Has $489.18 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• State of New Jersey Common Pension Fund D reduced its Meta Platforms stake by 2.1% in the fourth quarter, but still held 741,084 shares valued at about $489.2 million. Meta remains its 10th-largest position and makes up roughly 1.8% of the portfolio.
• Meta’s latest earnings were strong, with Q1 EPS of $10.44 easily beating estimates and revenue of $56.31 billion topping expectations. Revenue also rose 33.1% year over year, underscoring continued growth momentum.
• Analyst sentiment remains broadly positive, though price targets are mixed: several firms raised targets after earnings, while others trimmed them. Overall, Meta carries a Moderate Buy consensus with an average price target of $840.31.

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 741,084 shares of the social networking company's stock after selling 16,158 shares during the quarter. Meta Platforms accounts for about 1.8% of State of New Jersey Common Pension Fund D's portfolio, making the stock its 10th largest position. State of New Jersey Common Pension Fund D's holdings in Meta Platforms were worth $489,182,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms in the third quarter valued at about $26,000. Key Capital Management INC bought a new stake in shares of Meta Platforms in the 4th quarter valued at $48,000. Fairway Wealth LLC increased its position in shares of Meta Platforms by 36.8% during the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company's stock worth $51,000 after buying an additional 21 shares during the period. Dorato Capital Management acquired a new stake in shares of Meta Platforms during the fourth quarter worth $62,000. Finally, PMV Capital Advisers LLC raised its stake in Meta Platforms by 26.3% during the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company's stock worth $63,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Ratings Changes

META has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their price target on shares of Meta Platforms from $900.00 to $930.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Evercore boosted their price objective on Meta Platforms from $875.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, January 29th. Scotiabank upped their target price on Meta Platforms from $685.00 to $700.00 and gave the company a "sector perform" rating in a research report on Thursday, January 29th. Bank of America decreased their target price on Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Finally, Erste Group Bank downgraded Meta Platforms from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $840.31.

Meta Platforms Price Performance

META opened at $609.63 on Monday. The firm's fifty day moving average price is $627.67 and its two-hundred day moving average price is $645.30. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.Meta Platforms's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company posted $6.43 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 29.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 16th. Meta Platforms's dividend payout ratio (DPR) is currently 7.63%.

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Several analysts remain bullish on Meta Platforms, with recent notes from firms like BofA and Erste Group lifting earnings estimates or price targets after strong Q1 results, reinforcing expectations for meaningful upside. Article Title
• Positive Sentiment: Meta’s AI push is drawing attention as the company reportedly works on AI agents and improved models like Muse Spark, which could support new products and future monetization opportunities. Article Title
• Neutral Sentiment: Commentary pieces continue to frame Meta as an important AI and large-cap tech name, but these are mostly opinion-driven and do not add new fundamental information for the stock. Article Title
• Neutral Sentiment: Meta was also mentioned in a deal roundup about acquiring Assured Robot Intelligence, but the report provided little detail, so the market impact is unclear. Article Title
• Negative Sentiment: Reports highlighting employee dissatisfaction and impending layoffs suggest Meta’s AI transformation is creating internal friction, while also reminding investors that the company’s AI ambitions come with higher costs. Article Title
• Negative Sentiment: Investor concern remains centered on Meta’s enormous 2026 capex plan, estimated at $125 billion to $145 billion, which is fueling fears that profitability could come under pressure before AI investments pay off. Article Title

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 926 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $607.74, for a total transaction of $562,767.24. Following the sale, the chief operating officer owned 7,779 shares in the company, valued at $4,727,609.46. This represents a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the business's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total value of $386,860.00. Following the sale, the director owned 3,847 shares in the company, valued at approximately $2,565,949. The trade was a 13.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 167,676 shares of company stock worth $107,299,848. Insiders own 13.61% of the company's stock.

Meta Platforms Company Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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